Saudi Arabia will press Sudan’s creditors to reach a broad agreement to reduce the African country’s $50 billion-plus debt pile, said a Saudi official who will be directly involved in the debt-restructuring talks. Sudan’s transitional government, led by Prime Minister Abdalla Hamdok, is battling a crippling economic crisis and pushing through aggressive reforms as it…
By Nafisa Eltahir, Davide Barbuscia 3 Min Read DUBAI (Reuters) – Saudi Arabia will press Sudans creditors to reach a broad agreement to reduce the African countrys $50 billion-plus debt pile, said a Saudi official who will be directly involved in the debt-restructuring talks. Sudan’s Prime Minister Abdalla Hamdok in Berlin, Germany, on February 14,…
article If you want to aggressively tackle your debt, you’ll need strategies that move the needle. (iStock) As the economy appears to slowly recover from the pandemic, were beginning to see evidence that Americans are actively seeking to pay down debt. Total outstanding credit card debt fell by a whopping $108 billion in 2020, according…
Mental Health Awareness Week runs until May 16 and there can be little doubt that the last year has had a significant emotional and financial impact on thousands of people across Scotland. Many have faced isolation from friends, family and support networks, with the situation being made worse by the additional burden of problem debt,…
ilumoni, the start-up app that aims to help people to borrow well, has raised 1.2m in an over-subscribed seed funding round after successfully launching in Beta earlier this year. The purpose-led, AI-driven fintech had previously raised 455,000 in pre-seed funding, which saw the initial build of the first version of the app. The app went…
SAN JOSE, Calif., May 11, 2021 /PRNewswire/ — When you’re struggling with credit card debt, rising balances on your monthly statements and collection calls can add to your anxiety. However, you don’t have to face your creditors alone. Many credit counseling agencies offer debt management plans (DMPs), which allow a counselor to act as an…
SAN JOSE, Calif., May 11, 2021 /PRNewswire/ –When you’re struggling with credit card debt, rising balances on your monthly statements and collection calls can add to your anxiety. However, you don’t have to face your creditors alone. Many credit counseling agencies offer debt management plans (DMPs), which allow a counselor to act as an intermediary…
The amount of the financing was not disclosed, but the IMF and World Bank put Sudans total external debt at an estimated $49.8 billion as of the end of 2019. Tuesday 11/05/2021 A file picture shows International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaking in Washington. (REUTERS) WASHINGTON The IMF executive board on Monday…
The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan. The financing plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from the fund’s internal resources, IMF Managing…
8 dos and donts of debt consolidation By Polly Fleeting Tuesday, 11 May 2021 Are your multiple debts getting too hard to manage and a little expensive? A debt consolidation loan may be what you need! Whats that, you ask? Well, a debt consolidation loan is a financial product that allows you to roll your…